Connect with us

News

CyberSafe Foundation’s NoGoFallMaga Community Releases Investment Scam Handbook

Published

on

Kindly share this post

NoGoFallMaga (NGFM), a campaign instituted by the CyberSafe Foundation has released its first Investment Scam handbook through its Community platform.

Released on August 12 to align with this year’s World Youth Day, the Investment scam Handbook is an essential tool that would protect individuals and businesses from investment scams.

It provides an in-depth look at the warning signs of Ponzi scams and offers tips on how to stay safe. The objective is for the handbook to continuously educate people on these cyber crime tactics.

The timely release of the Handbook is to align with the theme for this year’s World Youth Day, which is ‘Intergenerational Solidarity’; and the NGFM community wants to encourage people, especially the youth to show solidarity with other generations by educating them about the danger of investment scams.

Since youths are the most active online, more conversant with emerging technologies and energetic, the onus is on them to act as a sort of intergenerational stop gap, protecting other generations from the nefarious activities of fraudsters.

The CyberSafe Foundation’s NoGoFallMaga (NGFM) Community is a group of online security experts who are set to help people protect their money, assets, and identities online. The cybersecurity community is an initiative of CyberSafe Foundation, an NGO strategically positioned and, on a mission, to ensure inclusive and safe digital access in Africa.

NGFM has 142 active Volunteers and has uncovered and exposed over 20 Ponzi Schemes in Nigeria alone. Also they’ve helped SMEs, the aged and people at large by bringing awareness about these schemes.

The Security and Exchange Commission (SEC) in a recent statement had stated that “Ponzi schemes have undermined the reputation of the capital market and dampened investors’ confidence”, a major issue which is affecting the country’s capital market.  According to a study by Norrenberger Financial Investments Scheme, Nigeria has lost more than N300 billion to pyramid schemes over five years.

It is interesting to know that the first Ponzi scheme was created by Charles Ponzi in 1920. He promised investors a 50% return on their investment in just 45 days. And it worked for a while. But eventually, the scheme collapsed, leaving investors with nothing. And history has repeated itself over and over again since then.

The NogoFallMaga community, whose primary focus is on digital fraud, has intervened in several cybersecurity cases across the country and had in the past exposed a fake Job Syndicate impersonating the United Nations online.

NoGoFallMaga Community Manager, Enyinna Abazie revealed what the Community has achieved over the years, which includes the release of “The Phishing Handbook” and “The book of scams” to tackle various segments of scams in the country.

According to him: “Our biggest Ponzi burst so far was getting involved with the “Intelligence Prime Capital Scam.”  The said organization claimed to have a trading bot which used Artificial Intelligence to make a steady stream of profit. Investor-victims were also asked to recruit others into the scheme to earn more.

He further said, “a few months after our investigation, and saving countless numbers from joining the scheme, the perpetrators performed an exit scam and disappeared with the funds of investors. Ponzi schemes tend to go undetected for years, and by the time they’re exposed, it’s often too late”.

CyberSafe Foundation, the parent organisation for the NoGoFallMaga Community, has several other initiatives which include the ‘ShineYourEye Cybersecurity Community’ for the elderly, ‘CyberGirls Fellowship’, and the ‘DigiGirls Fellowship’. The organisation has also helped SMEs with the Cybersecurity SME toolkit launch this year.

 


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

Firms Commit to Boost African Robotics Market

Published

on

Kindly share this post

AfricAI and Micropolis Robotics have signed a multi-year exclusive distribution and deployment agreement, which marks one of the continent’s most significant robotics market entries.

Micropolis AI Robotics is a United Arab Emirates-based robotics manufacturer operating in autonomous systems, while AfricAI is a company building practical, revenue-driven artificial intelligence (AI) systems for African businesses, governments, and global partners operating in emerging markets.

According to the agreement, Micropolis Robotics named AfricAI as its exclusive continental partner, prohibiting direct sales, alternative distributors, and third-party agents from operating in the territory.

The partnership establishes AfricAI as the primary execution, localisation, and go-to-market platform for intelligent robotics in Africa’s industrial, security, logistics, and infrastructure sectors.

AfricAI said this exclusive mandate positions the company as the gateway for advanced autonomous systems entering African markets, ensuring regulatory compliance, local capacity building, and sovereign control over deployment frameworks.

The partnership, according to the two parties, moves beyond software- based AI into the realm of physical AI — intelligent machines capable of operating in complex, real-world African environments.

“This is not a collaboration, it is a market-shaping mandate,” said Fareed Aljawhari, CEO of Micropolis Robotics. “AfricAI now represents the exclusive gateway through which Micropolis technologies enter Africa. Their sovereign AI vision, operational reach, and regulatory fluency make them the only partner capable of executing at a continental scale.

Furthermore, the agreement enables AfricAI to integrate Micropolis’ autonomous robotics systems with AfricAI’s sovereign AI stack, resulting in AI-powered security and surveillance platforms, robotics-enabled logistics and port operations, industrial automation, smart infrastructure, and municipal robotics tailored to African operating conditions.

Initial deployments will commence in security, smart infrastructure, and logistics, with phased expansion across multiple African states as part of AfricAI’s broader continental AI, data, and intelligent infrastructure strategy.

The agreement also includes long-term performance-linked expansion rights, automatic renewals, and a defined localisation framework to support robotics deployment, workforce training, and skills transfer across Africa.

Prince Malik Ado-Ibrahim, executive chairman of AfricAI, said: “Africa does not need imported automation — it needs sovereign, context-aware intelligent systems. This exclusive mandate allows AfricAI to industrialise robotics deployment at scale while retaining control, compliance, and value creation on the continent.”

 


Kindly share this post
Continue Reading

News

Subair: LIRS Won’t Raid Accounts – Unless You’ve Lost Every Court Battle

Published

on

Kindly share this post

Lagos State Internal Revenue Service Executive Chairman Ayodele Subair Tuesday demolished online panic over alleged bank account raids, insisting the agency’s “Power of Substitution” targets only hardcore tax dodgers who have exhausted every appeal from tribunals to the Supreme Court over half a decade of disputes.

Subair: LIRS Won't Raid Accounts – Unless You've Lost Every Court Battle

Ayodele Subair

Subair, speaking on Arise TV, shredded viral fears that LIRS would swoop on residents’ savings without warning, clarifying the mechanism under Section 60 of the Nigeria Tax Administration Act 2025 kicks in solely after assessments spark objections, reconciliations, demand notices, and a gruelling courtroom odyssey through High Court, Court of Appeal, and apex rulings.

The LIRS weekend notice had ignited fury by announcing enforcement via third parties – banks, employers, tenants, debtors – to claw back unpaid Personal Income Tax, Capital Gains Tax, Stamp Duties, and Withholding Tax from chronic defaulters holding funds or owing money to them, whether due now or accruing later.

Subair likened the process to a “long timeframe, not less than five years,” where recalcitrant bigwigs who stonewall every step become fair game, with LIRS directing agents like customers or partners to divert payments straight to the taxman in lawful settlement.

Far from arbitrary grabs, the chairman stressed it’s a final resort for “entirely recalcitrant” holdouts who ignore Notice of Refusal to Amend (NORA) and every olive branch, ensuring Lagos coffers snag rightful revenue fuelling the state’s bulging budget without shotgun raids on compliant payers.

As social media buzzes with defiance – “They can’t touch my account!” – Subair’s blueprint spotlights Nigeria’s tax evasion scourge starving subnationals of trillions yearly, with Lagos alone chasing billions in arrears amid federal revenue wars and economic headwinds squeezing the commercial capital’s 25 million souls.

Industry voices nod to the legality but plead for digital dashboards tracking disputes transparently, warning overzealous recovery could spook investors in Africa’s fintech and startup mecca already reeling from naira nosedives and grid glitches.

With LIRS poised to unleash the hammer on vetted violators, Subair’s clarion call aims to separate myth from muscle, bolstering Lagos’ IGR juggernaut that hit N815 billion last year while daring defaulters to test the full judicial gauntlet before crying foul.


Kindly share this post
Continue Reading

News

NIGCOMSAT Adopts Government’s Performance System

Published

on

Kindly share this post

Nigerian Communications Satellite (NIGCOMSAT) Ltd, in a strategic move to modernise its operations and foster a results-oriented workforce, has officially adopted the Federal Government’s Performance Management System (PMS).

NIGCOMSAT Adopts Government’s Performance System

The initiative, aimed at driving efficiency and institutionalising accountability, was marked by an intensive staff training program designed to align the agency’s operations with national performance goals and the Presidency’s vision for a digital-first public sector.

According to a statement from Stephen Kwande, the Agency’s acting head of Corporate Affairs, “the transition to PMS is a departure from historical evaluation methods. The new system is designed to provide real-time performance tracking and instill a stronger work ethic across all directorates”.

Welcoming participants, Mrs. Jane Nkechi Egerton-Idehen, managing director/CEO of NIGCOMSAT, represented by Abiodun Attah, executive diirector, Technical Services, described the adoption as “long overdue.

She emphasised that the system is critical for ensuring that NIGCOMSAT contributes effectively to Nigeria’s broader digital economy targets.

In her opening remarks, Mrs. Chinwe Udogu, general manager, Human Resources Management,  expressed NIGCOMSAT’s enthusiasm for the program, urging staff to dedicate themselves fully to the three-day training.

She noted that the exercise was pivotal in repositioning the company to achieve its highest aspirations.

The training consultant, Mrs. Njoku Chioma, said the program is expected to drive culture change, automate work processes, and strengthen institutional performance.

The three-day training, jointly organised by the Office of the Head of Service of the Federation and NIGCOMSAT Management, covers key themes including:

• Overview of the FCSSI25 as an institutional performance-driven Federal Civil/Public Service

• Service culture and workplace attitude in the Nigerian public sector

• Implementation of the Performance Management System in NIGCOMSAT

• Application of Artificial Intelligence tools to enhance performance in the Nigerian public sector

The move comes at a time when NIGCOMSAT is expanding its footprint, with recent initiatives like the 2026 SpaceTech Accelerator Programme and partnerships for grassroots digital skills training.

By strengthening its internal management framework, the agency aims to ensure that its technical advancements in satellite technology are matched by an equally efficient administrative engine.


Kindly share this post
Continue Reading

Trending